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The latest update is out from IsoEnergy ( (TSE:ISO) ).
IsoEnergy has increased its strategic stake in Premier American Uranium Inc. by acquiring over 2.1 million additional common shares and warrants for a further 2.7 million shares, in exchange for 100,000 IsoEnergy common shares valued at about $1.16 million. The move lifts IsoEnergy’s ownership in Premier American Uranium to roughly 9.4% on a non‑diluted basis and up to about 13.1% on a partially diluted basis, reflecting the company’s confidence in U.S.-focused uranium assets amid strengthening uranium prices and favourable nuclear sector dynamics, while leaving the door open to further portfolio adjustments depending on market and company-specific developments.
The most recent analyst rating on (TSE:ISO) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on IsoEnergy stock, see the TSE:ISO Stock Forecast page.
More about IsoEnergy
IsoEnergy Ltd., dual-listed in New York and Toronto, is a globally diversified uranium company with substantial current and historical mineral resources across Canada, the United States and Australia, spanning various development stages to provide leverage to uranium prices. The company is advancing its Larocque East project in Canada’s Athabasca Basin, host to the high‑grade Hurricane uranium deposit, and holds a portfolio of permitted, past‑producing uranium and vanadium mines in Utah that are on standby for rapid restart under a toll‑milling arrangement with Energy Fuels, positioning IsoEnergy as a potential near‑term producer.
Average Trading Volume: 164,176
Technical Sentiment Signal: Buy
Current Market Cap: C$669M
Learn more about ISO stock on TipRanks’ Stock Analysis page.